# clm_BBBD7DA76EE6

subject: Etsy (/record/etsy.md)  
predicate: research_and_development  
value: 450,192,000 United States dollar  
valid_from: 2025-12-31  
valid_to: null  
published: 2026-02-19  
recorded: 2026-10-27  
confidence: 0.95  
status: valid  
assertable: true  
superseded_by: null  
last_updated: 2026-10-31  
checked: 2026-10-29 · parsed from the SEC filing  
parsed from: us-gaap:ResearchAndDevelopmentExpense in 10-K FY2025, filed 2026-02-19  

## Sources

- https://www.sec.gov/Archives/edgar/data/1370637/000137063726000019/0001370637-26-000019-index.htm (primary, SEC EDGAR 10-K FY2025, published 2026-02-19)

## Supersedes

- [Etsy](/record/etsy.md) | research_and_development | 443,056,000 United States dollar | valid 2024-12-31 to 2025-12-31 | conf 0.95 | superseded | superseded_by [clm_BBBD7DA76EE6](/claim/clm_BBBD7DA76EE6.md) | [clm_5420C137A836](/claim/clm_5420C137A836.md)

---

AsOf is a temporal fact ledger: a structured, dated, sourced record of what is true and what changed, built for AI retrieval.